Geostrategy

Air Arabia profit falls

Revenue rises despite regional cost pressures

FAB plans $4.08bn rights issue

UAE’s largest bank seeks capital for growth.

flydubai launches new flights

Riga, Salzburg, Vilnius flights begin from Dec

ADNOC Gas Q3 profit $1.34bn

Stronger earnings support higher full-year outlook

Agthia 9M profit nearly triples

Third-quarter revenue increased 14.4 percent.

UAE, Switzerland discuss enhancing bilateral relations

BERN, SWITZERLAND - The UAE discussed bolstering strategic relations and cooperation in various development, economic and financial fields of common...
  • A UAE minister said financial dialogue offers opportunities for collaboration between both countries to achieve further growth and prosperity.
  • He also mentioned that the global economy went through fast developments since both parties last met in Abu Dhabi in March 2022.

Russia claims Ukraine sought to attack Kremlin with drones

Terming it as a "planned terrorist act and an attempt on the life of the President of the Russian Federation,"...
  • Ukraine has denied the Russian accusation that it was behind the alleged attack, suggesting that it was "staged" by Moscow
  • Russia has begun what it called a terrorism probe into the attempt to "strike the Kremlin residence of the President of Russia"

Russia, Iran to ink pact on linking railroad infrastructure

Tehran, Iran - Russia and Iran are set to sign a bilateral agreement on the construction of the Rasht-Astara section...
  • The project will connect the land sections of the International North-South Transport Corridor, increasing efficiency of the trans-Caspian route
  • The construction of the Rasht-Astara section is estimated to cost around $1.6 billion and take four years to complete

Dozens of migrants rescued at Turkey border: Greek police

Athens in 2020 erected a 37.5-kilometre (23-mile) steel barrier in this remote northeastern area after tens of thousands of migrants...
  • The migrants group included 13 men, 11 women and 15 minors, the police said in a statement, without disclosing nationalities
  • The police said that the migrants were taken to the islet on a dinghy by a smuggler on the Turkish side of the river and left there

Global energy firms must pay up to prevent spill: Yemen company

To prevent a damaging oil spill in the Red Sea, the UN Development Programme in March took the unprecedented step...
  • Hayel Saeed Anam Group, which in August contributed $1.2 million to UN clean-up campaign, made the appeal hours before a virtual donor conference hosted by Britain and Netherlands
  • The Safer's 1.1 million barrels contain four times as much oil as that spilled in the 1989 Exxon Valdez disaster off Alaska, one of the world's worst ecological catastrophes

Guarantee security for Sudan aid deliveries, asks UN

The United Nations called for security guarantees at "the highest level" to ensure aid deliveries in Sudan, after trucks carrying...
  • UN's top humanitarian official said the global body had a plan for delivering aid and supplies to address the dire situation in Sudan.
  • UN's top humanitarian official said, "We will need to have agreement at the highest level and very publicly".

Jordan briefs Russia on Amman’s Syria meeting

AMMAN, JORDAN  - Jordan's Minister of Foreign Affairs and Expatriates Ayman Safadi on Wednesday briefed his Russian counterpart Sergey Lavrov...
  • In addition to Jordan, the meeting in Amman also brought together the foreign ministers of Saudi Arabia, Iraq, Egypt and Syria.
  • Jordanian foreign minister said the political solution must preserve Syria's unity, cohesion, sovereignty and meet the aspirations of the people.

258m people require food aid, says UN report

PARIS, FRANCE -  Some 258 million people needed emergency food aid last year because of conflict, economic shocks and climate disasters,...
  • In 2022, 258 million people faced high levels of acute food insecurity in 58 countries or territories, a UN report said.
  • Over 40 percent of those lived in Democratic Republic of the Congo, Ethiopia, Afghanistan, Nigeria and Yemen, the report added.

Iran seizes oil tanker in Strait of Hormuz, says US Navy

Iranian forces seized a Panama-flagged oil tanker in the Strait of Hormuz, the US Navy said, the second such incident...
  • A dozen Iranian Navy fast-attack craft swarmed the vessel in the middle of the strait, said a statement from the Bahrain-based US Fifth Fleet.
  • The troubled but commercially vital Gulf waters, which carry at least a third of the world's seaborne oil, have witnessed a spate of incidents since 2018.

Myanmar’s junta sets free over 2,000 political prisoners

The junta said in a statement that pardons were granted to 2,153 prisoners to mark the birth anniversary of the...
  • The announcement of the prisoner release coincided with the visit of Chinese Foreign Minister Qin Gang to Myanmar for talks with generals
  • According to a local monitoring group, some 21,000 people have been arrested since the ouster of Aung San Suu Kyi's government by the military

Syria announces ‘comprehensive ceasefire’ with Kurds after clashes

Damascus, Syria - Syria announced a comprehensive ceasefire with Kurdish forces after a meeting Tuesday between Syrian President Ahmed al-Sharaa...

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Trump threatens 100% tariff on BRICS countries over currency plans

Washington, United States - President-elect Donald Trump on Monday threatened to impose a 100 percent tariff on the BRICS group nations...

Iran-Europe nuclear talks on as global tensions escalate ahead of Trump’s return

The stakes were laid bare in a warning from Britain's foreign intelligence chief that Iran's nuclear ambitions posed a major...

Israel PM again warns Iran after top diplomat talks of revising nuclear doctrine if more sanctions imposed

The renewed war of words between the Middle East foes came as Iran prepares to hold key nuclear talks with...

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Palestinian leader Abbas lays ground for succession

Palestinian president Mahmud Abbas announced his replacement . Under current Palestinian law, the speaker of the Palestinian Legislative Council (PLC)...
  • Abbas, 89, still rules despite his term as head of the Palestinian Authority ending in 2009
  • The decree comes on the same day that a ceasefire entered into force in Lebanon

Five forgotten conflicts of 2024

he wars in the Mideast and Ukraine-Russia have dominated world headlines in 2024 but several other conflicts are ravaging countries...
  • The conflict in Sudan has left tens of thousands dead and some 26 million facing severe food insecurity
  • THe Democratic Republic of Congo has endured internal and cross-border violence for over 30 years

Biden-brokered truce deal halts Israel-Hezbollah war; Netanyahu plans to go full force against Gaza and Iran

Under US-brokered terms, Lebanon's army regains border control, curbing Hezbollah activity, while Israel vows to maintain security operations if threats...
  • US President Joe Biden announced the ceasefire agreement on Tuesday, as Israeli Prime Minister Benjamin Netanyahu said his ministers had agreed to a halt
  • Under the terms of the Lebanon truce, Israel will maintain "full" freedom to act against Hezbollah should the Iran-backed group pose any new threat, Netanyahu said